The TSX Venture Exchange has accepted for filing the company's proposal to amend the following convertible debentures.
Convertible debentures: $2,705,566
Conversion price: 35 cents
Original maturity date: June 30, 2018
Current maturity date: June 30, 2020
Amended maturity date: July 31, 2020
Interest rate: 12 per cent per annum
The convertible debentures were issued pursuant to a private placement on Sept. 1, 2016, as amended. On July 12, 2018, the debenture was extended until June 30, 2020.
For further information, please refer to the company's news release dated June 30, 2020.
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